Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
The bullish sentiment comes from Trump's promise to make the U.S. a leading hub for cryptocurrency during his campaigns, which might translate into more favorable regulations for DeFi.

- Ether saw a 10% increase in the last 24 hours, reaching over $2,800, while other cryptocurrencies experienced profit-taking.
- This surge is linked to optimism around DeFi following Trump's presidential win, where expectations of pro-crypto policies and deregulation are boosting investor confidence.
- Trump’s potential policies might ease regulatory burdens, allowing DeFi projects more freedom and possibly recognizing tokens as commodities, which could enhance the sector's growth and innovation.
Ether
But President-elect Donald Trump’s victory is bringing back hopes of a decentralized finance (DeFi) bull market, at least among some investors, and with it demand for ETH.
“DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making from Republican admin and Senate,” wrote Arthur Cheong, co-founder at DeFiance Capital, in an X post. “Elon gonna help usher in the golden age of innovation and capitalism.”
In early October, Cheong published a viral thesis on why DeFi applications could see a bump in user base and token demand after a disappointing few years — pointing to growing activity metrics and an increase in new money flowing into DeFi projects.
“In fact, some foundational DeFi projects, like Aave, have even surpassed their 2022 peak in several metrics. Aave’s quarterly revenue has surpassed that of 4Q21 — considered the height of the last bull market,” Cheong said. “This signals that DeFi is maturing and entering a new phase of productivity, poised for long-term scalability.”
— Arthur (@Arthur_0x) October 14, 2024
The bullish sentiment comes from Trump's promise to make the U.S. a leading hub for cryptocurrency during his campaigns, which might translate into more favorable regulations for DeFi.
The campaign indicated a move toward reducing the regulatory burden on crypto, potentially making it easier for DeFi platforms to operate within the U.S. This could involve clearer guidelines for token offerings, possibly recognizing certain tokens as commodities rather than securities under SEC oversight.
“Imagine the next 4 years being the complete opposite of the last few years when it comes to what DeFi projects are "allowed" to do,” said Ethereum educator @sassal0x in an X post. “Fee switches, fee switches everywhere!”
Some even point out the Trump family’s backing of World Liberty Financial as a key reason for the market sentiment.
The first DeFi founder to be elected President. pic.twitter.com/qUcpfxYlXO
— Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) November 6, 2024
Traders are already reacting favorably to Trump's presidency. Mindshare - a tracker of social media sentiment on X - for DeFi is leading among other trending sectors such as AI and memecoins in the past 24 hours, per Kaito data.
DeFi above memecoins for mindshare today.
— Kaito AI 🌊 (@_kaitoai) November 6, 2024
AI dropping but still on top. pic.twitter.com/04kcxM0xrX
Various DeFi indexes tracking the prices of major projects are up 22% on average in the past 24 hours, CoinGecko data shows, while majors tracked by the broad-based CoinDesk 20 are up 3.4% in the period.
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Exchange Review - March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
알아야 할 것:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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